I HAVE OPTED A COMPOSITION SCHEME , WHEATHER I WOULD LIABLE FOR RCM ON URD PURCHASE U/S.9(3)
2 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 16 July 2018
RCM for unregistered purchase is applicable u/s 9(4) and not u/s 9(3). RCM u/s 9(3), for example payment to GTA, is still applicable. Further, RCM u/s 9(4) is suspended till 30.09.2018 for composition dealers too.
Vinod Babu
(24196 Points)
Replied 17 July 2018
Provision of section 9(4)- liability of GST under reverse charge on inward supply from unregistered has only been deffered till 30th Sep 2018.
RCM liabiliy on transportation comes under section 9(3) and it is in force.
RCM liabiliy on transportation comes under section 9(3) and it is in force.
Recent Topics
- Income Tax E-form 71 u/s 155(20) Rule 134
- ACCOUNTING OF JOINT HOME LOAN & TREATMENT IN I
- Error in Filing online ITR 2 online java utility
- What is the New time limit for sect6148 notice?
- Type of Account Error in ITR2
- LTCG on Foreign RSU Stock sale
- Secure VPN Solution for Freelancers Working with I
- Amount withdrawn from capital gain account scheme
- TDS RETURN REJECTED with Reason Line no 2 –
- Issue in e_filing of IT return
Related Threads
Trending Online Classes
CAclubindia
